1341 ET - Expedia surged 17% on Friday after beating on 4Q top and bottom lines and reinstating its quarterly dividend, but D.A. Davidson says 1Q initial guidance was mixed. As a result, analysts Tom White and Wyatt Swanson say they're trimming forecasts on incremental foreign exchange headwinds, but bumping up targets on an improved underlying growth profile. The analysts say their neutral rating takes into account "the company's solid category position in an overall healthy/resilient leisure travel market," and its leading position in an expanding B2B market. But, they question the pace of recovery in Expedia's Vrbo and Hotels.com brands as well as and the company's ability "to meaningfully close its overall profitability/margin gap vs. peers." Expedia is up 0.3% to $202.81.(sabela.ojea@wsj.com; @sabelaojeaguix)
(END) Dow Jones Newswires
February 10, 2025 13:41 ET (18:41 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.